Productivity growth bodes well for U.S. economy: Bernanke

WASHINGTON (MarketWatch) -- Productivity "remains strong today" and bodes well for the future of the U.S. economy, Federal Reserve Chairman Ben Bernanke told graduating students of the Massachusetts Institute of Technology in a commencement speech Friday. The Fed chairman's prepared remarks didn't mention monetary policy or interest rates and instead focused on technology's contribution to productivity and on the history of economic studies at MIT. He told students that much remains to be learned about how to harness technologies most effectively.

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